Course

Advanced Financial Accounting

Faculty
Commerce & Business Administration
Department
Accounting
Course code
ACCT 4510
Credits
3.00
Semester length
15 Weeks
Max class size
30
Method(s) of instruction
Lecture
Seminar
Course designation
Certificate in Global Competency
Industry designation
None
Typically offered
Fall
Summer
Winter

Overview

Course description
This course will cover advanced accounting topics including current issues in financial reporting, intercorporate investments and business combinations, foreign operations, not-for-profit organizations, segmented information, and joint ventures.
Course content
  1. Review of financial reporting theory.
  2. Changing process and financial reporting.
  3. Not-for-profit organizations.
  4. Intercorporate investments and business combinations.
  5. Advanced consolidations.
  6. Foreign currency transactions and translations.
  7. Segmented information.
  8. Joint ventures.
Learning activities

Lectures, seminars and case analysis.

All methods of instruction apply to in class, hybrid and/or online modes of learning.

Means of assessment

Evaluation will be carried out in accordance with the Douglas College Evaluation Policy.

Assignments/tests AND Case analysis         30-40%
Midterm examination  30-35%
Final examination  30-35%
Total 100%

Students must write both the midterm examinations and the final examinations to pass the course.

Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.

Learning outcomes

At the end of the course, the successful student should be able to:

  1. translate a foreign subsidiary’s financial statements into Canadian dollars in accordance with generally accepted accounting principles (GAAP);
  2. prepare consolidated financial statements in accordance with GAAP for corporations with subsidiaries, joint ventures and foreign operations;
  3. record and report foreign currency transactions, including hedging transactions;
  4. prepare financial statements for not-for-profit organizations in accordance with GAAP;
  5. explain the accounting issues relating to segmented reporting;
  6. demonstrate awareness of ethical and professional standards and responsibilities of financial management professionals.
Textbook materials

Darrell Herauf and Murray W. Hilton. Modern Advanced Accounting in Canada, latest Canadian edition. McGraw-Hill Ryerson, Toronto.

OR other textbooks as approved by the Accounting department.

Only Faculty of Commerce and Business Administration approved calculators may be used for tests and examinations.

Requisites

Prerequisites

(ACCT 3310 AND ACCT 3410)

OR

(ACCT 3310 AND currently active in the PDD Accounting or PDD Accounting Studies or PBD Accounting or PBD Accounting & Finance)

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

(Current)

Course Transfers

These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca

Institution Transfer details for ACCT 4510
Kwantlen Polytechnic University (KPU) KPU ACCT 4455 (3)
Langara College (LANG) LANG FMGT 3121 (3)
Simon Fraser University (SFU) No credit
Trinity Western University (TWU) TWU BUSI 421 (3)
University Canada West (UCW) UCW ACCT 440 (3)
University of the Fraser Valley (UFV) UFV BUS 439 (3)
University of Victoria (UVIC) UVIC COM 4XX (1.5)

Course Offerings

Winter 2025

CRN Days Instructor Status
Maximum seats
30
Currently enrolled
23
Remaining seats:
7
On waitlist
0
Building
New Westminster - North Bldg.
Room
N4308
Times:
Start Time
11:30
-
End Time
14:20
Section notes

This is a hybrid asynchronous course that incorporates both face-to-face and online instructions. Classes will meet: TBA

CRN Days Instructor Status
Maximum seats
30
Currently enrolled
30
Remaining seats:
0
On waitlist
1
Building
New Westminster - North Bldg.
Room
N4308
Times:
Start Time
18:30
-
End Time
21:20
Section notes

This is a hybrid asynchronous course that incorporates both face-to-face and online instructions. Classes will meet: TBA